Paul Sarbanes

Paul Sarbanes gives his views on the US sub-prime crisis

US regulators should be more aggressive in dealing with the sub-prime crisis, according to Senator Paul Sarbanes, who is in Singapore for a business talk. Mr Sarbanes, who co-authored the Sarbanes-Oxley Act - hailed as the most far-reaching reforms of American business practices - said some mortgage lending practices should have never been allowed. US investment bank Bear Stearns is the latest...

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